SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2015

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

NOTE M: SEGMENT INFORMATION

Operating segments are components of an enterprise, which are evaluated regularly by the “chief operating decision maker” in deciding how to allocate resources and assess performance.  The Company’s chief operating decision maker is the President and Chief Executive Officer of the Company. The Company has identified Banking, Employee Benefit Services and Wealth Management as its reportable operating business segments.  The Bank operates the banking segment that provides full-service banking to consumers, businesses and governmental units in northern, central and western New York as well as northern Pennsylvania.  The employee benefit services segment, which includes Benefit Plans Administrative Services, Inc. (“BPAS”) and its subsidiaries, with offices throughout the U.S. and Puerto Rico, provides employee benefit trust, collective investment fund, retirement plan administration, actuarial, VEBA/HRA and health and welfare consulting services.  The wealth management services segment includes trust services provided by the personal trust unit within the Bank, investment and insurance products and services provided by the Bank’s subsidiaries Community Investment Services, Inc. (“CISI”) and CBNA Insurance Agency, Inc., and asset management services provided by the Bank’s Nottingham Advisors, Inc. subsidiary.  The accounting policies used in the disclosure of business segments are the same as those described in the summary of significant accounting policies (See Note A, Summary of Significant Accounting Policies of the most recent Form 10-K for the year ended December 31, 2014 filed with the SEC on March 2, 2015).

Information about reportable segments and reconciliation of the information to the consolidated financial statements follows:

(000's omitted)	Banking		Employee Benefit Services		Wealth Management		Eliminations			Consolidated Total
Three Months Ended September 30, 2015
Net interest income	$	62,295	$	37	$	31	$	0		$	62,363
Provision for loan losses		1,906		0		0		0			1,906
Noninterest revenues		15,503		11,674		4,735		(526	)		31,386
Amortization of intangible assets		680		125		38		0			843
Other operating expenses		43,790		8,644		3,328		(526	)		55,236
Income before income taxes	$	31,422	$	2,942	$	1,400	$	0		$	35,764
Assets	$	7,970,345	$	30,958	$	18,921	$	(23,058	)	$	7,997,166
Goodwill	$	364,495	$	8,019	$	2,660	$	0		$	375,174
Three Months Ended September 30, 2014
Net interest income	$	61,350	$	21	$	23	$	0		$	61,394
Provision for loan losses		1,747		0		0		0			1,747
Noninterest revenues		15,700		11,049		4,809		(486	)		31,072
Amortization of intangible assets		850		153		48		0			1,051
Other operating expenses		46,837		8,140		3,269		(486	)		57,760
Income before income taxes	$	27,616	$	2,777	$	1,515	$	0		$	31,908
Assets	$	7,476,030	$	29,605	$	14,965	$	(17,957	)	$	7,502,643
Goodwill	$	364,495	$	8,019	$	2,660	$	0		$	375,174
Nine Months Ended September 30, 2015
Net interest income	$	183,243	$	102	$	86	$	0		$	183,431
Provision for loan losses		3,120		0		0		0			3,120
Noninterest revenues		43,037		34,633		13,943		(1,462	)		90,151
Amortization of intangible assets		2,129		391		122		0			2,642
Other operating expenses		131,002		26,052		9,841		(1,462	)		165,433
Income before income taxes	$	90,029	$	8,292	$	4,066	$	0		$	102,387
Nine Months Ended September 30, 2014
Net interest income	$	182,537	$	67	$	68	$	0		$	182,672
Provision for loan losses		4,647		0		0		0			4,647
Noninterest revenues		43,922		32,434		14,101		(1,365	)		89,092
Amortization of intangible assets		2,644		496		153		0			3,293
Other operating expenses		133,680		24,622		9,666		(1,365	)		166,603
Income before income taxes	$	85,488	$	7,383	$	4,350	$	0		$	97,221